A happy sponsor of the literary arts & cultural tourism in 🇿🇼. Owner of Pigeon Press & Hubbard's Historical Tours. Personal account so opinions are my own.
Nov 14, 2019 • 29 tweets • 6 min read
#BlackFriday in Zimbabwe 1997: a #thread
1/The late 1990s were a difficult time in the country due to a changing economy, increasing civil unrest and the beginnings of an unsustainably inflationary environment. @zenzele@Wamagaisa@happ_zenge
2/As a percentage of Gross Domestic Income, the share of wages had dropped from 57% in 1987 to 39% in 1997, while the ratio of profit increased from 47% to 61% during the same period. Inflation increased from 11.6% in 1985 to 32.6% in 1996, falling to 25% by 1997.
